Home improvement retailer Lowe's posted a smaller-than-expected drop in first-quarter sales on Wednesday and said it plans to keep its pricing competitive, without ruling out the possibility of price hikes on some items due to tariffs.

Home improvement giant Lowe’s has partnered with Mirakl to help power Lowe’s Marketplace, an online resource for DIY consumers and vendors alike.

Lowe’s receives products from Canada, Mexico, China and other parts of Southeast Asia, like South Korea, Ellison previously said. While some Trump tariffs have been paused or adjusted since early April, many remain in effect. That includes 10% tariffs on all countries, with higher rate imposed on countries like Canada, Mexico and China.

Home improvement store Lowe’s (NYSE:LOW) did something that its rival Home Depot didn’t do this quarter — it beat earnings estimates. Yet Lowe’s stock was still trading lower, down about 2%, as the retailer faces a challenging economic environment.

What Their Latest Results Mean for Shoppers This spring, Target and Lowe’s—two of America’s most familiar retailers—shared their latest financial

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Lowe’s Companies, Inc. (NYSE:LOW) on Wednesday reported mixed results for the first quarter of fiscal 2025. The company posted adjusted earnings of $2.92 per share, which beat the analyst consensus estimate of $2.

Lowe's maintained its outlook for the year even as sales declined in its latest quarter, joining a handful of companies to stick with its guidance despite uncertainty brought on by tariffs.

At Lowe’s, April sales tumbled nearly 3% year-over-year after having risen 6.6% in March, debit and credit card purchase data from Affinity Solutions revealed. Home Depot saw just a 0.7% jump after a 4.2% rise in March, according to the data.

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